Question
A hosiery buyer has an opening stock figure of $180,000, at retail, which carries a 62% markup. On March 31, new purchases since the start
A hosiery buyer has an opening stock figure of $180,000, at retail, which carries a 62% markup. On March 31, new purchases since the start of the period were $990,000 at retail, carrying a 64% markup. Find the cumulative markup percentage on merchandise handled in this department to date.
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Managerial Economics Foundations of Business Analysis and Strategy
Authors: Christopher Thomas, S. Charles Maurice
12th edition
1260004759, 9781260004755, 78021715, 78021718, 78021901, 978-0078021909
